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Inflation Reduction Act Research Series: Medicare Part D Enrollee Savings from Elimination of Vaccine Cost-Sharing

Publication Date
Authors
Bisma A. Sayed, Kenneth Finegold, Kaavya Ashok, Sarah Schutz, Nancy De Lew, Steven Sheingold, and Benjamin D. Sommers

Effective January 1, 2023, the Inflation Reduction Act (IRA) eliminated enrollee cost-sharing for recommended vaccines covered under Medicare Part D. In 2021, 3.4 million people received vaccines under Part D, and annual out-of-pocket costs were $234 million. This translates to nearly $70 in out-of-pocket spending per Medicare enrollee receiving a Part D vaccine that they would not have had to pay if the IRA had been in effect in 2021.

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Files
IRA Elimination of Part D Covered Vaccine Cost-Sharing (pdf, 7.85 MB)
Topics
Healthy Aging | Prevention | Administrative Data | Demographic Data | Chronic Conditions & Illnesses | Health Insurance | Healthcare Coverage & Access | Healthcare Reform | Immunization & Vaccines | Health Policy | Healthcare Financing & Expenditures | Drug Pricing | Out-of-Pocket Costs | Prescription Drugs | Global Health & Global Health Security
Product Type
ASPE Issue Brief
Populations
Older Adults | Racial & Ethnic Groups | Medicare Beneficiaries
Location- & Geography-Based Data
National Data | State Data